The Asset Management Group is responsible for managing privately-placed commercial real estate debt (commercial mortgages, mezzanine loans, and B-notes) on behalf of its clients. The position will focus on financial modeling and analysis, asset valuation, asset and market due diligence, processing borrower requests and other special projects.
Process borrower requests and prepare draft case recommendations for Asset Manager review including requests for loan modifications, loan assumptions, easements, casualty and condemnation awards, future advances, reserve disbursements, lease and SNDA reviews, partial releases, property manager changes, and loan payoffs.
Interface with third-party loan servicer and Borrower to monitor loan status and process Borrower requests.
Review and abstract loan documents for newly closed loans.
Manage and update a pipeline report detailing status of active borrower requests, loan tickler dates, springing reserve dates, and post-closing obligations.
Monitor a monthly watch list report to identify assets triggering watchlist hurdles. For assets identified as high risk/low rated, provide a monthly updated summary of property financial performance, market performance, and expected outcome/resolution for asset including any projected losses.
Prepare drafts of annual loan summary reports for Asset Manager review which include a collateral summary, loan terms summary, property condition review, market analysis, overview of tenancy, summary of sponsorship, a re-underwriting of loan collateral, notable investment risks and expected performance of loan.
Review property and guarantor annual financial reporting packages and prepare summary reports for Asset Manager review.
Review borrower construction loan draw requests and prepare loan funding packages for Asset Manager Review.
Assist Asset Manager in underwriting refinances of existing loans.
Conduct annual physical inspections of loan collateral and prepare inspection reports.
Prepare ad hoc analyses at the direction of the Asset Manager.
Bachelor of arts, science, or Bachelor of Business Administration. Course work in economics, business administration, finance, accounting, urban planning, mathematics and real estate are all beneficial
Entry level position, interest in Finance and Real Estate
Knowledge and Skills
Strong written and oral communication skills
Strong quantitative and analytical skills
Computer skills necessary to perform the job include a working knowledge of Microsoft Office, Excel, Word and PowerPoint. Experience with Argus a plus.
10%-20% travel may be required.
Ability to multi-task
Must be able to work independently
Ability to work in a team environment
Strong interpersonal skills
Results oriented with the ability to adapt to a changing environment
Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things
We are an active, long-term, global, multi-asset investor focused on enabling more people to harness the power of investing to meet their financial goals. By combining investment insight and innovation with robust risk management we have become one of the largest asset managers in Europe, managing €746bn in assets as of the end of 2017. We employ about 2,400 people around the world and operate out of 21 countries.
We are proud to foster a high-performance culture, which means that we seek to recruit and retain people who are not only technically-skilled but also globally-minded, innovative and able to leverage their unique perspectives and life experiences to support our success as a company.
AXA IM is committed to building an inclusive culture, valuing diversity and supporting the career progression of all employees.